USD
Taiwan is reportedly exploring adding Bitcoin to its strategic reserves as a hedge against ongoing USD volatility, a move that could make it one of the first Asian nations to consider crypto at the sovereign level. The proposal is still in early stages but would carry wide macro and market implications if adopted.
Taiwan's legislature has asked the government to review Bitcoin holdings and consider adding BTC to national strategic reserves, while lawmakers call for a comprehensive audit before year-end. Premier Cho Jung-tai pledged to present a detailed plan by the end of the year.
Bitcoin is losing upward momentum as long-term holders increase selling and a stronger US dollar pushes investors toward safer assets. Those forces, plus weakening buyer conviction, are preventing sustained breakouts above resistance.
Kyrgyzstan has launched USDKG, a national stablecoin backed by gold and pegged to the U.S. dollar, with an initial issuance valued at over $50 million, the financial regulator said.
On October 17, 2025, Bitcoin prices fell from an overnight high of $109,200 to approximately $106,400 amidst improving stock markets and fluctuating asset prices. The Dow Jones, S&P 500, and Nasdaq all rose by 0.5%, while gold futures and the U.S. dollar index showed volatility.
The U.S. dollar fell to multi-week lows due to expectations of Federal Reserve rate cuts, while Bitcoin surged past $124,000 driven by institutional investments and regulatory support. Global currencies like the British pound, euro, and Australian dollar also strengthened against the dollar amid mixed economic data and policy signals.